The federal earned income tax credit celebrates 50th anniversary. Yet, IRS estimates one in five eligible taxpayers miss out on claiming the credit.

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

"The mortgage interest tax deduction is a [tax benefit that] allows you to subtract the interest paid on your home loan from ...

As tax season approaches, it's crucial to stay informed about the latest updates to IRS Form 1040 and its schedules.

The IRS has established some reporting rules for income that's received on P2P payment platforms such as Venmo including ...

These tips can help you decide what’s right for you this year Lea Uradu, J.D., is a Maryland state registered tax preparer, ...

The Internal Revenue Service introduced a new form to protect ineligible taxpayers from claiming the Fuel Tax Credit.

Key Takeaways - How to Avoid Paying Taxes on Debt Settlement An individual overwhelmed by debt who is considering debt settlement has to take possible drawbacks into account, with a tax obligation ...

The Internal Revenue Service (IRS) will begin accepting tax returns for tax year 2024 on Jan. 27, the IRS agency announced. The deadline to file taxes for tax year 2024 is April 15. The IRS ...

Even if Donald Trump vastly expands the use of tariffs as president, it’s unlikely he’ll collect enough revenue to replace the more than century-old federal income tax system. President-elect ...

This compares to IRS gross tax collections of $4.69 trillion in fiscal 2023 alone. Senator Ron Wyden, the top Democrat on the Senate Finance Committee, blasted Trump's proposal. "No amount of silly ...